Cisco Systems shares closed up after extreme volatility
The stock eventually ended up 1.2% all-sessions on the IG platform. Investors were torn between some good news: better than expected earnings and revenue, and concerns around revenue forecasts.
Earnings came in at $1.14 per share, better than the $1.06 anticipated by analysts. Revenue reached $15.20 billion, higher than the Street expectations for $15.05Bln. But expectations cast a shadow on the group's quarterly performance. Cisco forecast full-year revenue to be between $57Bln and $58.20Bln, below estimates of $58.4Bln.
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